Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for KINSALE CAPITAL GROUP INC (KNSL) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KNSL was recently trading at $148.19 and has an implied volatility of 40.33% for this period. Based on an analysis of the options available for KNSL expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $148.14-$172.31 at expiration. In this scenario, the average linear return for the trade would be 31.99%. 52 week high: KINSALE CAPITAL GROUP INC recently reached a new 52-week high at $151.28. KNSL had traded in the range $80.93-$150.94 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if KNSL maintains its current direction and does not revert back to pricing on the bearish side of $148.19 on 17-Jul-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if KINSALE CAPITAL GROUP INC closes at or above $148.00 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 50.24% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.